MACHINE FUNDING
UAE-backed GlobalFoundries secures $300M U.S. funding for AI chip technology
The U.S. Department of Commerce will receive a stake of about 1% in the chipmaker under a separate agreement
Yen Duong/Bloomberg via Getty Images
A sign for GlobalFoundries outside the company's semiconductor fabrication plant in Dresden, Germany
Add The Circuit on GoogleUAE-backed chipmaker GlobalFoundries will receive $300 million from the U.S. government to develop silicon photonics technology aimed at making AI data centers faster and more energy efficient.
The investment, part of the Biden-era Chips Act program being...
